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- NotAtrader replied Dec 26, 2022
This is a good example of a confirmed bearish divergence.
- NotAtrader replied Dec 19, 2022
Good luck mate. I am keeping my shorts and I will hedge if it jumps up again. Target 0.6600
- NotAtrader replied Dec 18, 2022
0.6700 is another psychological level which is expected to provide some support. Failing to penetrate down may see 0.6890-0.6910. Moving convincingly below 0.6700 opens a possibility for visiting 0.61xx. Currently my view is still bearish. I guess ...
- NotAtrader replied Dec 15, 2022
It looks like the FED decision is in favor of USD as all risk currencies are falling against the US Dollar as we speak.
- NotAtrader replied Dec 14, 2022
Man what do you mean by that? When AUDUSD goes UP, it is against the US Dollar. When AUDUSD goes DOWN, it is in favor of the US Dollar.
- NotAtrader replied Dec 10, 2022
Just to support my view with a chart. The TF is D1. The chart shows a bearish RSI divergence not yet confirmed though and a sloping MACD. The circle shows a bearish rising wedge. The white thick moving average is a 200 EMA showing the price ...
- NotAtrader replied Dec 10, 2022
Yes it is. Unfortunately explanations like the one I made are sometimes needed as not everybody is capable of seeing everything from a chart. I am sorry I couldn’t provide a chart, but your chart is pretty good and it supports my view. Thank you.
- NotAtrader replied Dec 10, 2022
I think we have somewhat similar view as I also see a range of about 100 pips (0.6750-0.6850). I just don’t bet so much on AUD climbing more than 15-20 pips from where we currently are before it makes down-move of at least 60-70 pips. That would ...
- NotAtrader replied Dec 9, 2022
It’s not the first time a Friday session closes with the AUDUSD exchange rate struggles around the level of 0.6800. This is historically pretty strong psychological level and it offers one of the few times when the fundamentals are stronger than the ...
- NotAtrader replied Dec 5, 2022
I do, but I feel it might be mistake. I always hedge when my trades go wrong. No worries. In D1 TF the price is still under the 200 EMA and it points down. However the price now is just on a psychological level which can serve a a support. The RBA ...
- NotAtrader replied Dec 1, 2022
The U.S. dollar is getting increasingly weak. The forecast for NFP doesn’t look good for the US dollar. That’s the fundamental side of it. However the technicals suggest that AUDUSD is still bearish and it is about to resume the downside move. Look ...
- NotAtrader replied Nov 28, 2022
Asia opening is a decisive moment for where AUDUSD will go. The price just retested the lower edge of the zone 0.6660-0.6680. If the price penetrates the previous low at 0.6640 then 0.6600 is a close to 100% target. If not, the we can see a 50-80 ...
- NotAtrader replied Nov 28, 2022
The price has moved below the lower edge of the zone 0.6660-0.6680. I expect that the price will retest this area and if resuming the down move and closing the day below this area, then we are possibly heading to 0.6600. Just my view. Do your own ...
- NotAtrader replied Nov 27, 2022
Ok. We are inside the 0.6660-0.6680 zone as I write. Penetrating this zone downwards may see 0.6600 again. EDIT: This zone is a strong support with the first mark set on 14 July. Good luck
- NotAtrader replied Nov 25, 2022
I am not sure. This is what I can come up with (see the chart below): The price can fall down to 0.6680-0.6660 and if the lower trend line gets penetrated then the next level would be 0.6600. On the upper side 0.6920-0.7020 The timeframe is H4 ...
- NotAtrader replied Nov 23, 2022
Nice call, Erebus. 80 pips UP. Not bad at all. As I mentioned here: url in case of UP-move, the next level to watch would be 0.6720. The price touched 0.6722 and the rally died and the price is now on level with the right shoulder of the SHS on H4 ...
- NotAtrader replied Nov 23, 2022
As posted earlier, and illustrated by a chart: url the probability of resuming the downtrend is high. The recent move up of about 90 pips might be just a retest of previous support 0.6640 which now is a resistance. Possibly after this retest the ...
- NotAtrader replied Nov 22, 2022
Yes I saw it. Interesting. You could be right. Let's see. What is your target?
- NotAtrader replied Nov 22, 2022
I tend to agree with you. 0.6600 is a strong level. However the chart below gives me another thoughts. What do you think? image
- NotAtrader replied Nov 21, 2022
As expected the price continues moving to the downside. It almost touched 0.6600 which is a psychological level. Breaking this level may see the price going down to 0.6530-0.6550